Uranium Energy Corp Reports Fiscal 2021 Results: 4.1 Million Uranium Pounds Warehoused, $14.8 Million Net Loss

Uranium Energy Corp (NYSE: UEC) filed its annual report for the fiscal year ended July 31, 2021. The firm ended with a net loss for the year amounting to $14.8 million, marginally higher than 2020’s $14.6 million net loss.

On the other hand, the company has expanded its physical portfolio of US-warehoused uranium to 4.1 million pounds. This results in an average cost of $32 per uranium pound versus the latest spot price of $47 per pound.

“The prices we pay are fixed under all of our agreements with various delivery dates through December 2025,” said UEC CEO Amir Adnani. “As of today, we have taken delivery of 1.2 million pounds and the remainder of our future deliveries are fully funded, either from cash and liquid assets on our balance sheet, or by virtue of being in-the-money.”

The firm also ended the year with $44.3 million in cash, cash equivalents, and restricted cash starting from a balance of $7.0 million. The influx of cash is primarily due to a $95.4 million net proceeds from share issuances. This puts the balance of the current assets at $75.0 million while current liabilities came in at $13.3 million.

The firm also indicated that as of October 26, 2021, its cash position has grown to $96.4 million, while cash and liquid assets totals out at $235.4 million.

Uranium Energy Corp last traded at $3.76 on the NYSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Uranium Energy: Canaccord Lifts Rating To Speculative Buy

Last Monday, Uranium Energy Corp (NYSE: UEC) announced that they would be acquiring UEX Corporation...

Tuesday, June 21, 2022, 10:27:00 AM

Uranium Energy Corp Spends $1.5 Million To Acquire Further Holdings In Athabasca Basin

Uranium Energy Corp (NYSE: UEC) has continued to add to its landholdings in the Athabasca...

Tuesday, August 22, 2023, 09:03:48 AM

Uranium Energy Corp To Acquire UEX Corp For $0.43 Per Share In All Stock Deal

Uranium Energy Corp (NYSE: UEC) this morning continued to execute on its strategy of growth...

Monday, June 13, 2022, 07:47:10 AM

Anfield Energy Sees UEC Increase Ownership Stake To 32.4%

Anfield Energy (TSXV: AEC) has seen a major shareholder dramatically increase their interest in the...
Monday, June 23, 2025, 10:00:29 AM

We Cannot Move To A Low-Carbon Economy Without Nuclear Energy — With Amir Adnani

Joining the Daily Dive today is Amir Adnani, CEO of Uranium Energy Corp. (NYSE: UEC)....

Tuesday, March 14, 2023, 01:30:00 PM